Being in the public eye has its own set of unique challenges. Whether you are behind the camera, on stage or playing on the field, navigating complex tax regulations, wealth management and business disruptions are not always easy tasks while balancing a busy schedule. Withum’s Sports and Entertainment Team helps all members of the industry stay up to date on the latest tax regulations and trends to minimize tax liability and maximize returns on your investments.
Taxation of the sports and entertainment industry is complex and unlike any other field. Withum’s tax and accounting advisors are specialists in developing tax and investment strategies and wealth management solutions for professional athletes, entertainers and other professionals in the space. Whether you’re looking for a sports accounting firm, entertainment accounting services or an Esport consultant, our experts can serve even the most ambitious players in the sports and entertainment industries.
Who We Help
- Sports leagues, franchises and arenas
- Esports athletes and leagues
- Amusement parks
Sports and Entertainment Industry Services
Accounting and Tax Services
Sports and Entertainment Industry Challenges and Trends
Many athletes and entertainers work across multiple states, complicating federal and state taxes. Partnering with an entertainment tax accounting firm that understands the intricacies of state and local tax regulations is imperative to minimizing your tax liability.
The sports and entertainment industry is experiencing immense disruption with concerts on hold and sporting events with limited fans. During times of uncertainty, it is key to revisit your financial plan to stay on track with your long-term strategies and goals.
For athletes and entertainers, wealth management is crucial for budgeting, planning for retirement and protecting assets. However, as income comes in quickly, managing it can be a hurdle. You need a wealth management advisor who takes a client-first approach, focusing on your individual needs and best interests.
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